Hope Church

Analysis

Hope Church is a registered charity in United States, based in Lincolnshire, IL. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Hope Church reported income of $378k and spending of $344k, spending 91% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $230k to $378k (+64%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 339%. Over the whole period it spent 45% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Church sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include Future Leadership Foundation ($378k), Mike Eden Ministries Inc ($378k) and Philadelphia Church International ($378k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% of the total. At year end it held assets of $877k against liabilities of $150k, net assets of $727k.